Adrianne Peixotto's (apeixotto) Bloghttp://activerain.trulia.com/blogs/apeixotto
en-ushttp://activerain.trulia.com/blogsview/246563/southern-california-fires--insurance-Southern California Fires- Insurance?<p>With the crazy weather these days you really never know what you are going to need.</p><p>With the SO Cal fires going on right now I figured I could give a crash course on insuring to value.</p><p>Here is a unfortunately and way to common example: </p><ul>
<li>4000 sq ft home purchased in 1999 in Malibu for $2,000,000</li>
<li>Home replacement cost was estimated at $1,000,000 or $250 sq ft </li>
<li>You home is involved in the recent fires</li>
<li>You never reviewed/increased your coverage</li>
<li>Your policy had inflation guard built into it at the industry average of 4%</li>
<li>Your home burns to the ground and your insurance will pay out $1,315,932 or $328 sq ft</li>
</ul><p><strong>Problem:</strong> Cost of construction in Malibu is in the $400sq ft + range.</p><p>Items that are built into your policy that can help:</p><ul>
<li>Extended replacement cost: This will help to pay above and beyond your policy limit. Any where from 10% to 100% of your dwelling amount.</li>
<li>Building code upgrade: This will pay for items such as interior sprinklers, double pane windows whatever the items that are now required that your home may not have had. Coverage amount 0-100% of your dwelling amount.</li>
<li>Loss of Use: This will pay to put you up in a "like kind" location. Depending on the company this coverage would be as low as 20% of the dwelling to "Unlimited"</li>
</ul><p><strong>Moral of the story:</strong> Review, Review, Review. In most cases there are things you can do to your policy to increase coverage and keep the premium the same.</p><p>Ask your agent to show you some options like: Higher deductibles, consolidated policies and make sure you are getting all the discounts possible.</p><p> </p>Adrianne Peixotto (Costello & Sons)Mon, 22 Oct 2007 16:48:25 -0700http://activerain.trulia.com/blogsview/246563/southern-california-fires--insurance-
http://activerain.trulia.com/blogsview/239242/insurance-and-your-escrow-close---Insurance and your escrow close...<p>Hi Active rain friends,</p><p>I am writing to see if anyone has a good, bad or ugly story they can share with me regarding Insurance and your escrow closings.</p><p>I know this maybe an odd way to start out my "blog career" but I figure if I ask the questions and get responses I will figure out what to write about that will add value to you. If no one replies I will be forced to blog about what I think it is important for you to know and that may not be as helpful as I would like it to be.</p><p>I found out about this website from a Ginger Wilcox a real estate agent in Marin county and I love the idea. I have since passed it on to two of my counterparts in Orange county and Sacramento county and they have begun bloging their hearts out sharing facts about Umbrella policies and what to do in the event of an auto accident which are all great but the approach I haver always taken is to ask what people want to know about then work from there.</p><p> Hope to hear from you soon!</p><p> </p>Adrianne Peixotto (Costello & Sons)Tue, 16 Oct 2007 13:27:16 -0700http://activerain.trulia.com/blogsview/239242/insurance-and-your-escrow-close---